A review of recent HUD and IRS guidance impacting the LIHTC program
Although the housing credit industry has not seen an update to the IRS's Guide for Completing Form 8823 since 2011, that doesn't mean there has not been any new guidance in the meantime. In addition to Change 4 to HUD Handbook 4350.3 REV-1, numerous other publications from HUD and the IRS have been released with significant implications for the LIHTC program.
To help you steer a compliant path, NCHM has gathered all the latest guidance out of Washington, DC that impacts LIHTC compliance and developed a comprehensive webinar that reviews the relevant updates.
Join NCHM Director of LIHTC Compliance Jo Ikelheimer for this timely review. Jo's webinar will include background material for each issue of consequence along with a summary of the update itself and how it should be applied.
What you'll learn:
The most recent HUD regulatory guidance that applies to LIHTC including:
Occupancy protections for HUD-assisted households
The amended definition of tuition for Section 8 students
The HUD Passbook Rate change for determining asset income
The most recent IRS regulatory updates for LIHTC including:
The new compliance monitoring requirements for state HFAs
Additional considerations for tenant-paid utility allowances